The Reserve Bank of Australia raised its rate by 25 points to 2.6%, against an expected increase to 2.85%. Previously, the rate had been hiked by 50 points four times since June. The same decision was also predicted by the market this time. In the commentary on the decision, central bank governor Philip Lowe argued […]
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In focus today In the euro area, the Sentix investor sentiment indicator will be released today, revealing whether the sentiment improvement observed in February persisted into March. In Sweden, several macroeconomic datapoints will be released. Read more…
Daily Pivots: (S1) 147.26; (P) 147.73; (R1) 148.51; More… Intraday bias in USD/JPY stays on the downside at this point. Sustained trading below 61.8% retracement of 139.57 to 158.86 at 146.32 will pave the way Read more…
Forex markets are trading quietly in the Asian session, remaining within Friday’s range and showing little impetus to move decisively in either direction. Dollar is staying on the back foot, with a lack of substantial Read more…